Ari Dwi Astono
Universitas Muhammadiyah Semarang, Indonesia

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Investment Decisions of Manufacturing Companies Listed on the Indonesia Stock Exchange: A Study on the Role of Dividend Policy and Total Asset Turnover as Moderating Variables Suharti; Ari Dwi Astono; Andika Baskara; Harlan A. Ganur
International Conference on Economics, Management, Business, and Accounting Vol 2 No 1 (2025): International Conference on Economics, Management, Business, and Accounting
Publisher : P3I UMSurabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/iconemba.v2i1.30519

Abstract

This study aims to analyze the effect of dividend policy on investment decisions in manufacturing companies listed on the Indonesia Stock Exchange, as well as to examine the moderating role of Total Asset Turnover. The analytical method used is multiple linear regression and Moderated Regression Analysis (MRA). The findings indicate that dividend policy does not have a significant effect on investment decisions, as reflected by a significance value of 0.098 (>0.05), meaning that dividend distribution has not been able to encourage investment activities effectively. Total Asset Turnover is also found to have no direct significant effect on investment decisions, with a significance value of 0.415 (>0.05). However, the interaction results reveal that Total Asset Turnover moderates and strengthens the relationship between dividend policy and investment decisions, shown by a significance value of 0.040 (<0.05). These results suggest that the impact of dividend policy on investment decisions becomes more optimal when companies improve the efficiency of asset utilization to support operational performance.
The Influence of Digital Transformation and Customer Experience on Brand Loyalty with Customer Trust as a Moderating Variable from a Marketing 5.0 Perspective Andika Baskara; Edy Purwanto; Suharti Suharti; Dwi Ari Astono
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

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Abstract

The purpose of this study is to examine, from a Marketing 5.0 perspective, how digital transformation, customer experience, and trust among customers influence brand loyalty. This study is quantitative and uses a survey methodology for its explanatory design. Semarang City residents who have interacted with brands online and used digital products or services constitute the demographic of this study. One hundred people were surveyed using a non-probability sampling strategy based on a purposive sampling method. Structural Equation Modeling—Partial Least Squares (SEM-PLS) was used for data analysis. Brand loyalty was positively and significantly influenced by digital transformation and customer experience, while consumer trust did not show a substantial direct effect. There was a negative correlation between digital transformation and customer loyalty, although the positive correlation between customer experience and loyalty was mediated by consumer trust. These findings suggest that in the Marketing 5.0 era, trust is a contextual variable that can strengthen or weaken the influence of customer experience and the value of digital transformation on brand loyalty.
The Influence of Digital Transformation and Customer Experience on Brand Loyalty with Customer Trust as a Moderating Variable from a Marketing 5.0 Perspective Andika Baskara; Edy Purwanto; Suharti Suharti; Dwi Ari Astono
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

The purpose of this study is to examine, from a Marketing 5.0 perspective, how digital transformation, customer experience, and trust among customers influence brand loyalty. This study is quantitative and uses a survey methodology for its explanatory design. Semarang City residents who have interacted with brands online and used digital products or services constitute the demographic of this study. One hundred people were surveyed using a non-probability sampling strategy based on a purposive sampling method. Structural Equation Modeling—Partial Least Squares (SEM-PLS) was used for data analysis. Brand loyalty was positively and significantly influenced by digital transformation and customer experience, while consumer trust did not show a substantial direct effect. There was a negative correlation between digital transformation and customer loyalty, although the positive correlation between customer experience and loyalty was mediated by consumer trust. These findings suggest that in the Marketing 5.0 era, trust is a contextual variable that can strengthen or weaken the influence of customer experience and the value of digital transformation on brand loyalty.
Pengembangan Pengelolaan Bank Sampah Demi Melindungi Lingkungan dan Meningkatkan Taraf Ekonomi Masyarakat di Kelurahan Sendangguwo, Kecamatan Tembalang, Kota Semarang KMT Lasmiatun; Hardiwinoto Hardiwinoto; Ari Dwi Astono; Siti Hidayah
Dimasejati: Jurnal Pengabdian Kepada Masyarakat Vol. 7 No. 2 (2025)
Publisher : Universitas Islam Negeri Siber Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70095/dimasejati.v7i2.22436

Abstract

DEVELOPMENT OF WASTE BANK MANAGEMENT TO PROTECT THE ENVIRONMENT AND IMPROVE THE ECONOMIC LEVEL OF THE COMMUNITY IN SENDANGGUWO VILLAGE, TEMBALANG DISTRICT, SEMARANG CITY. Suboptimal waste management is an environmental problem that has widespread impacts on community health, hygiene, and quality of life. The waste bank program presents an innovative solution for community-based waste management. This study aims to develop a waste bank management system in Sendangguwo Village, Tembalang District, Semarang City, to protect the environment while improving the economic well-being of residents. The research method used was a qualitative descriptive approach through observation, interviews, and documentation with managers and the surrounding community. The results indicate that waste bank development can reduce household waste volume by up to 40%, foster environmental awareness, and provide additional income for the community through the sale of sorted waste. Furthermore, recycling education and training activities also strengthen community empowerment. Thus, waste bank management has proven effective as an instrument for economic empowerment and environmental preservation at the local level.